What Do You Understand a Business
Investment Visa Subclass 188B?
A Business Investment Visa is for those people who wish to make a
designated investment in Australia for a maximum time of four years.
A Business Investment Visa is for those people who wish to make a designated investment in Australia for a maximum time of four years. This is a temporary visa and it requires a nomination from an Australian state or territory government. You must understand that this temporary visa can be converted into a permanent business visa if you have successfully maintained your potential investment in Australia for four years.
We understand that this sounds a bit complicated. Thus, you can consider hiring a migration agent in Adelaide. They are the only people who are well versed with the Australian rules and regulations of a visa. At Ausyes Migration, you will find the rightful assistance of visa experts who possess the absolute potential to take on the complex-free side. Now, let us have a look at some of the important aspects of a Business Investment Visa Subclass 188B.
What is the Basic Eligibility Criteria of a Business Investment Visa?
To fall eligible for this visa, you have to stand out on certain requirements. These are:
- To be eligible for this visa, you have to make an overall investment of AUD 1.5 million in an Australian State/Territory.
- This is a points-based visa, you have to score a minimum of 65 points for this visa.
- As an applicant, you must have a net business, personal assets, and investment of at least AUD 2.25 million.
- You must have three years of experience in either managing a qualifying business or have shown a high level of management skill.
- You must have a real intention to live in a specific Australian state/territory.
- You must have at least a basic level of functional English.
- You must stand out on the necessary character and health requirements.
- You must sign an Australian values statement with the Australian Authorities.
- There should be no debt pending with the Australian Government or Australian Authorities.
- In the past, you should not have any visa cancelled or refused in your name.
How Can You Apply For a Business Investment Visa Subclass 188B?
There are certain steps that you will have to follow to apply for a Business Investment Visa. These are mentioned below.
- First and foremost, you will have to submit an Expression of Interest(EOI) Certificate with the authorities. You can get your nomination from the Australian state/territory within 2 years of filing this visa application.
- After getting the nomination, you then have to start collecting all the necessary documents such as health, character, personal identity, English Language, or any other special documents (in certain circumstances).
- You will next have to apply for an online visa through an immiaccount. You will have to submit all the true and accurate information about it.
- After you have applied for the visa, you will then have to follow up by ensuring certain things like health exams, providing biometrics, making your investment, paying a second instalment, adding family members, or updating the authorities about any immediate change.
- After completing all the formalities, you will then have to wait for the Australian Authorities to form a decision on your visa application. In case of a visa acceptance, you will be informed with a visa application that will mention a visa grant number, starting date of your application, and more. In the other case i.e visa denial, you will be informed again too. Having said that, you will also be notified about the reason for visa denial and if you have any right to review the application or not. Moreover, you won’t be liable to get any refund that you submitted as your visa application fee.
How is Ausyes Migration Your Business Investment Visa Agent in Adelaide?
Until now, you would have realized the ins and outs of a business investment visa. Despite being a temporary visa, you will have to go through many of its bumpy aspects. Without any doubt, you will require a migration agent to help you through it. At Aysyes Migration, you will see visa experts striving to make your visa application an absolute success with their professionalism, efficiency, and hard work altogether.